Redwood Trust (RWT) Expected to Announce Quarterly Earnings on Thursday

Redwood Trust (NYSE:RWT) is anticipated to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Redwood Trust to post earnings of $0.16 per share and revenue of $31.07 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Redwood Trust Stock Up 0.4 %

NYSE RWT opened at $6.64 on Tuesday. Redwood Trust has a 52 week low of $5.45 and a 52 week high of $8.15. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.55. The company has a market capitalization of $879.27 million, a P/E ratio of 12.06 and a beta of 1.57. The stock’s 50-day moving average price is $6.63 and its 200-day moving average price is $7.12.

Redwood Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 23rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.85%. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, December 23rd. Redwood Trust’s dividend payout ratio is currently 130.91%.

Analysts Set New Price Targets

Several equities analysts have weighed in on RWT shares. JPMorgan Chase & Co. lowered their price target on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. JMP Securities decreased their price target on Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating on the stock in a report on Thursday, January 23rd. Finally, StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.84.

Redwood Trust Company Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.